Key insights
- The post reflects a retail investor's dilemma of trading high-momentum stocks like NVDA and AMD at all-time highs. The investor is struggling to identify exit points, relying on RSI which proves unreliable during strong uptrends. Expressed fear of market greed and uncertainty about timing sales before NVDA earnings and potential AMD weakness suggest possible near-term profit-taking pressure, potentially creating a minor bearish influence.
Ok so I have a good amount of NVDA and AMD and I'm making a shitload on money recently. Like more than I know what to do with. I dont know when to sell and take profits. I took a little profit on my AMD a little bit ago, then it rocketed, same with NVDA in the past I take profit then it rockets. I just dont know when to find the ceiling of a stock. I use RSI to try to gauge it, when its over 70 I usually start getting pretty nervous of a collapse, but sometimes it pumps constantly over 70 RSI. AMD right now is above 70 RSI for a while on the daily chart. There are no resistance levels after all time high which I use a lot in my trading, and its just difficult for me to find the ceiling and I seem to pull out too early then miss tons of gains. I want to lock in good profit near the top. What do you guys use to find the top?
I also try to stick by the famous quote be greedy when others are fearful and fearful when others are greedy... Well right now market is extremely greedy and I'm getting a little fearful, but I dont know when I should sell and get out of this! I was going to wait until NVDA earnings and probably sell a bunch then.
AMD I'm not too sure of. Its kinda looking a bit weaker now, I kinda want to sell soon.